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Coinbase Global (COIN) Expands Payments Reach As Its Valuation Debate Deepens

Coinbase Global (COIN) Expands Payments Reach As Its Valuation Debate Deepens

Coinbase Global (COIN) just expanded its payments reach through a new collaboration with Thunes that links Coinbase stablecoin services with Thunes’ fiat payout network for cross border transfers and remittances.

Recent moves have not yet translated into positive momentum for Coinbase Global, with the share price down 17.0% over the past 30 days and 30.5% year to date, even though the 3 year total shareholder return is up 132.3% compared with a 53.6% decline over 1 year.

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Coinbase Global keeps signing new payment partnerships while the share price moves sharply the…

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